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This Low Duration Fund Ticked 16.44% Return In 1 Year, SIP Starts With Rs 500
Low-Duration Funds have a longer maturity than liquid and overnight funds, but shorter, medium, and long-term funds. Investors may put their money in these funds for 6-12 months and get higher returns than they would in a traditional savings account. This short-duration mutual fund has outperformed in the category in 1 year with returns.
Franklin India Low Duration Fund - Direct-Growth
It is a low-duration debt fund from Franklin Templeton Mutual Fund. The fund was established on January 1, 2013. As of February 28, 2022, Franklin India's Low Duration Direct Plan-Growth has Rs 44 crores in assets under management. Its NAV (Net Asset Value) is Rs 27.5315 as of March 9, 2022. The expense ratio of the fund is 0.07 as of March 31, 2022.
Santosh Kamath and Kunal Agrawal are the fund's current managers. It is a medium-sized open-ended fund in its category. CRISIL, a rating agency, has given this fund one-star rating. It's a high-risk fund to put money into. This fund is ideal for securing your funds.
Things You Should Know
This fund is a good option for investors who wish to invest for 6-12 months or 1-3 years and are seeking a better alternative to bank savings. However, the fund's credit profile is extremely poor, meaning that it has lent to debtors of poor creditworthiness. The risk of default is higher in this fund than in other funds in the category since most funds in this category lend to stronger borrowers.
Returns and Performance
Absolute and Annualised Returns
| Period | Absolute Returns | Annualised Returns | Category Avg |
|---|---|---|---|
| 1 Year | 16.44% | 16.44% | 5.15% |
| 2 Year | 31.29% | 14.58% | 6.52% |
| 3 Year | 25.16% | 7.75% | 4.62% |
| 5 Year | 48.12% | 8.17% | 5.75% |
| Since Inception | 121.36% | 9.03% | 7.21% |
SIP Returns
| Period | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 9.28% | 17.69% |
| 2 Year | 17.17% | 16.08% |
| 3 Year | 18.92% | 11.59% |
| 5 Year | 26.12% | 9.22% |
Portfolio
Fund has 97.87% investment in Debt. Franklin India Low Duration Fund Direct-Growth has allocated its funds majorly in Corporate, Cash Equivalent sectors. Its top holdings are Clix Capital Services Private Limited, SBI Overnight Fund Dir Gr, Call, Cash & Other Assets.
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
